Values have been changing and have risen £2,082 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,797 in last 6 months, £20,798 in last 1 year, £39,173 in last 2 years, £38,513 in last 3 years, £42,040 in last 4 years and £41,958 in last 5 years.
Currently average asking price of a property in Defoe Way, Collier Row, Romford, RM5 is around £281,530 based on approximately 3 properties for sale. Same is the case with rental options based on 10 properties up for rent, average asking rent is around £1,889 per month.
Estimated property value in Defoe Way, Collier Row, Romford, RM5 is £232,411. Average asking price is £281,530 while average price paid is £210,331 which is up by £20,798 and Avg. asking rent £1,889.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Defoe Way, Collier Row, Romford, RM5 area. In last 1 year alone average price buyer paid is around £210,331 based on approximately 3 sales in Defoe Way, Collier Row, Romford, RM5 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £180,665. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £182,713 for 7 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £180,249 per sale.